[SCHEDULE 13G/A] Landmark Bancorp Inc SEC Filing
On 10 July 2025, Kornitzer Capital Management, Inc. (KCM), a Kansas-based investment adviser, filed Amendment No. 9 to Schedule 13G disclosing a passive ownership position in Landmark Bancorp Inc. (NASDAQ: LARK).
Key ownership details as of 30 June 2025:
- Total beneficial ownership: 376,571 shares, representing 6.5 % of the outstanding common stock.
- Sole voting power: 376,571 shares.
- Shared dispositive power: 120,364 shares; no sole dispositive power.
KCM qualifies to file under Rule 13d-1(b) as an institutional investment adviser and certifies the shares were acquired in the ordinary course of business with no intent to influence control of the issuer.
Crossing the 5 % threshold triggered the filing requirement and signals that a recognised institutional investor now holds a meaningful, but non-controlling, stake in LARK. While the filing provides no purchase price or timing, increased institutional ownership can improve liquidity and may be interpreted as a vote of confidence in the bank’s fundamentals.
- Kornitzer Capital Management now owns 6.5 % of LARK, introducing a respected institutional investor that can enhance liquidity and market visibility.
- None.
Insights
TL;DR: Passive 6.5 % stake by Kornitzer raises LARK’s institutional ownership; supportive for sentiment, no control intent—overall neutral-to-slightly positive.
Kornitzer Capital’s filing places 376,571 LARK shares under its management, giving it sole voting authority yet limited dispositive power. The position is large enough to matter—exceeding the 5 % reporting threshold—without signaling activism or takeover ambitions. For investors, the appearance of a professional asset manager can tighten the shareholder base, add trading depth, and potentially broaden analyst coverage. However, because KCM states it will not influence control and offers no strategic commentary, the direct impact on earnings or valuation is modest. Market reaction is therefore likely limited to marginally improved liquidity and sentiment rather than a re-rating catalyst.